Discrepancies in Timok East Reporting – $ELY / $MRR

As the market evaluates the progress of the Timok East project, a detailed review of recent Corporate Presentations and NI 43-101 Technical Reports reveals significant factual inaccuracies regarding third-party rights and adjacent boundaries.Accurate disclosure of neighbouring tenements is a cornerstone of statutory reporting. However, current disclosures by Electrum Discovery and MinRex appear to misidentify legal title holders and, in recent instances, omit established licence boundaries entirely. These discrepancies create a misleading impression of 'available exploration ground' and 'expansion potential' that does not align with the legal reality in Serbia.Below is a factual breakdown of these misrepresentations, including the use of outdated data and the selective visibility of magnetic anomalies over third-party ground..

I believe these facts are essential for a fair market valuation of the Timok East project. I look forward to any clarifications from the companies involved.

Disclosure: I am a co-owner of the adjacent DJN licence holder, Appalachian Resources Balkan d.o.o., mentioned in the analysis at the link below.

: : A critical question for Electrum Discovery Corp.($ELY) and Minrex Resources Limited (ASX:MRR) as they finalize their merger: How do companies of this stature handle third-party rights so casually?
Link to article: https://tinyurl.com/23dvzvw2.